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    OFF-MARKET
    Banks

    2030 Grand Ave, Lindenhurst, IL 60046-9069

    4,292 SF 1.33 ac lot Built 2007
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-4607818
    Property summary
    AI-generated overview

    This exceptional 4,292 square foot retail property, located at 2030 E Grand Ave in Lindenhurst, Illinois, presents a unique investment opportunity. Built in 2007, this single-tenant building sits on a 1.42-acre lot and is ideally situated for continued success. The current lease agreement extends until March 2037, providing long-term stability and predictable income. The property's flexible design allows for subdivision, with the potential to create two separate 2,146 square foot spaces, catering to a wider range of potential tenants. Lindenhurst's thriving business environment, home to over 30 Fortune 500 companies across diverse industries, ensures a strong market for retail ventures. The property benefits from its convenient location just west of Gurnee Mills Mall, the largest outlot and shopping destination in the area, guaranteeing high visibility and foot traffic. This presents a compelling opportunity for investors seeking a stable, long-term investment in a prime retail location within a robust economic environment. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for future growth and profitability. The zip code is 60046.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2007
    Construction BRICK
    Total area 4,292 SF
    Lot 1.33 ac (58,022 SF)
    APN 06-02-213-045
    UPID US28-4607818
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Chase Lindenhurst LLC · 5 yrs held
    Chase Lindenhurst LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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